What are you watching?

[some seeing eye]

I'm a Taoist, not Jewish but got to laugh

[Savannah]

True Detective Season 3 was great.

But True Detective Season 1 was even better.

(I skipped season 2, because it was apparently not worth it. Having looked at the cast, I'm like . . . I can imagine that. )

[Elorrum]

I've been looking for a comforting show. I fell asleep with a freevee channel documentary about Cowboys I think on my tablet. It went on continuous play, and I slept listening to people happily making play dough dioramas, It ran for hours. I never even looked at it. I heard hapiness, delight. I heard a little girl say, "I'm glad the yellow team won, because we became friends." I think its called, "squished."

I watch a lot of subzero winter camping videos. Silent, non verbal really. Men who trudge through snow to tiny dugout cabins they build, or tents, with metal fire stoves, or shelters from fallen trees, or just tarps. They chop wood make a fire, cook their solitary dinner. Its life, camping, so basic, so essential. They are orderly, some are great cooks. I think I could make a little brick stove.

[Simon of the Playa]

[some seeing eye]

Maybe they should build their new city in Empire?

The architect for the project, Bjarke Ingels, is burner who built the mirrored Orb.

[Simon of the Playa]

cat videos.


duh...



https://www.instagram.com/reel/CmtGqXCo ... MyMTA2M2Y=

[Simon of the Playa]

wait for it.

[Simon of the Playa]

just watch it.

funniest documentary i've seen in a long time.

[Elorrum]

Live eagle cam.

https://www.youtube.com/live/B4-L2nfGcuE?feature=share

[some seeing eye]

Mushrooms jump the shark (ad for fungus-based nutritional drink)

[Simon of the Playa]

the sillycon valley bank run.







https://www.cnbc.com/2023/03/10/silicon ... again.html

[some seeing eye]

Real time SiVB

https://finance.yahoo.com/quote/SIVB/



NYT DealBook

Shares in U.S. banks appear poised to slide again this morning, after the sector suffered a $52 billion sell-off yesterday, its worst drop in three years. Driving investor concerns is the health of Silicon Valley Bank, one of the biggest lenders to tech start-ups, which is urgently raising cash to shore up its finances.

Contagion concerns spooked the global markets this morning, rattling stocks from Tokyo to London. Bank stocks were the hardest hit, but smaller lenders like SVB, which has funded start-ups worldwide, are viewed as being particularly vulnerable — and now face potentially serious threats to their survival.

Blame interest rates for the mess. As the Fed has raised rates to combat inflation, the value of bonds that banks hold as assets has fallen. That’s normally not a problem, until banks need to sell those holdings to cover customer withdrawals.

In SVB’s case, the bank disclosed late on Wednesday that it had sold $21 billion of its most easily sellable investments — crystallizing a $1.8 billion after-tax loss — and borrowed $15 billion. It also announced plans to raise $2.25 billion through an emergency sale of stock. That news spurred customers to start pulling deposits; investors, already unnerved by the collapse of the crypto-focused lender Silvergate, followed suit, driving SVB’s stock down 60 percent yesterday. It’s down about 40 percent in premarket trading this morning.

Arjun Sethi of Tribe Capital advised companies to jump ship: “Almost by definition, any bank with a business model is dead if everyone moves,” he wrote in an internal memo, according to The Times.

Peter Thiel’s Founders Fund, Coatue Management and Union Square Ventures also told their portfolio companies to switch banks, according to Bloomberg.

Other banks are scrambling to pick off clients. A smaller rival, Levro, said yesterday that it had “an expedited processing/approval process for current SVB customers”;

DealBook hears that bigger banks are also on the hunt.
Still, other venture investors urged SVB clients to stay: A bank run “will feel like a big self own in hindsight,” tweeted Roseanne Wincek of Renegade Partners.

Meanwhile, investors have begun whispering about a potential bailout. DealBook hasn’t confirmed any deal talks underway, but one focus of speculation is that Goldman Sachs might be a possible savior. Whether Goldman would want to step in, especially given that it’s weighing a potential sale of the buy now pay later lender GreenSky, is another matter. (The billionaire financier Bill Ackman offered another potential savior: the federal government.)

Other banks are also feeling the heat. Shares in Signature Bank fell 12 percent yesterday, while those in Zions Bancorporation slid 11 percent. More broadly, the KBW Bank index, which tracks some of the world’s biggest lenders, fell nearly 8 percent yesterday. The blowback has even crossed the Atlantic: Shares in France’s BNP Paribas were down 3 percent today, while Germany’s Commerzbank was off 3.5 percent, and Deutsche Bank was down 7 percent.

[some seeing eye]

Very fast move by Treasury. They suspended trading before the stock market opened then they closed the bank.

https://www.fdic.gov/news/press-release ... 23016.html

[Elorrum]

Revisionist “making of” Star Wars documentary . It makes me feel old, and ridiculously superficial. https://www.space.com/icons-unearthed-v ... -interview

I still don’t understand the clone wars…

[Simon of the Playa]

This Horse Shit

[Lonesomebri]

A guy at worked hyped that The Last Of Us was coming out as a tv series, based on a game that I'd never heard of, because I am old and out of the coolness loop. Zombies and mushrooms are of interest to me. So I start watching it on my pirate stream. Nobody warns me about that episode 3, though. So I watch it unsuspecting.
Now I'm gay.

[Popeye]

A guy at worked hyped that The Last Of Us was coming out as a tv series, based on a game that I'd never heard of, because I am old and out of the coolness loop. Zombies and mushrooms are of interest to me. So I start watching it on my pirate stream. Nobody warns me about that episode 3, though. So I watch it unsuspecting.
Now I'm gay.

Congratulations!

[some seeing eye]

Margaret Atwood, 83. Would love to have her in Black Rock City for a commentary on burners!

[some seeing eye]

Silicon Valley Bank...
It is not a good idea to land your customers' money to gamblers

"of the roughly $74 billion in total loans Silicon Valley Bank held on its books at year-end, almost half — $34 billion — went to borrowers who used the money to buy or carry securities of their own, regulatory data shows."

"The loans also may explain why Silicon Valley has not been acquired or merged with a healthier institution, he said.

“Typically, if you looked at a bank with a $74 billion loan book, other banks would be interested in buying that,” he said in an interview. “But when 46% of your loan book is to purchase and carry securities, a lot of banks would have to ask themselves ‘What is the value of those loans?’ ‘Is that an attractive asset?’”

"Another type of loan the bank favored was known as venture debt, according to a white paper on its site. In it, the bank described how it made loans to startup companies of between 25% and 30% of the amount the companies had most recently raised in private transactions with investors. Unlike other business loans that are based on a company’s cash flow or assets, this kind of venture debt relies on a company’s ability to raise additional capital from investors later to repay the loans, the website says.

A problem with this kind of lending arises when a startup company cannot raise fresh capital from investors to repay the loans or can do so only at a lower valuation from previous money-raising rounds. In the startup world, this situation is known as the dreaded “down round” of financing, which requires a total valuation of a company at the new, lower level."

"Silicon Valley Bank had an uncommonly small cash cushion — only $12 billion, or just 5% of its assets"

etc.

https://www.nbcnews.com/business/busine ... -rcna75252

[Elorrum]

Red Green. Thinking of how messed up and ridiculous d.I.y. Can be.

[Simon of the Playa]

best.cameo.ever...

[Simon of the Playa]

"Within the United States the perp walk is most closely associated with New York City.[1][2] The practice rose in popularity in the 1980s under U.S. Attorney Rudolph Giuliani, when suspects charged with felonies were perp-walked.[3]"


https://en.wikipedia.org/wiki/Perp_walk

[some seeing eye]

[Simon of the Playa]

[some seeing eye]

NSFW for language like sh*tf*ckery

[some seeing eye]

AI Pope Francis goes to Burning Man

https://www.youtube.com/shorts/p6-tPaXmg2M

[Simon of the Playa]

[lucky420]

I still need to catch up to Cocaine Bear

[Simon of the Playa]

[Simon of the Playa]